Our Economic Times: Public Investment Promising for Economy

This column was published in Savannah Morning News.

There is a degree of public perception that deficit spending of any sort - whether on health care, education, stimulus, infrastructure or otherwise - is a pernicious act wringing out the magic of unfettered markets which, if only allowed to work, would be the panacea so deeply desired. So muddles along the debate over whether government spending of any kind can help our economy grow. Recently, the U.S. deficit, the annual difference between federal government expenditures and receipts, fell to...